FIRST CAPITAL INC (FCAP) Earnings History

FIRST CAPITAL INC - Q4 FY2025 Earnings

Filed at: Jan 23, 2026, 4:45 PM EST|Read from source

EXECUTIVE SUMMARY

First Capital, Inc. reported strong annual and quarterly earnings growth, driven by increased net interest income and improved yields on interest-earning assets. The company also saw growth in non-interest income, although non-interest expenses rose due to compensation and operational costs.

POSITIVE HIGHLIGHTS

  • •

    Annual net income increased to $16.4 million ($4.89 per diluted share) in 2025 from $11.9 million ($3.57 per diluted share) in 2024.

    positive
  • •

    Quarterly net income rose to $4.9 million ($1.46 per diluted share) in Q4 2025 from $3.3 million ($0.97 per diluted share) in Q4 2024.

    positive
  • •

    Tax-equivalent net interest margin increased to 3.61% for the full year 2025 and 3.79% for Q4 2025, up from 3.20% and 3.33% respectively in the prior year periods.

    positive
  • •

    Total assets grew to $1.27 billion at December 31, 2025, from $1.19 billion at December 31, 2024.

    positive

CONCERNS & RISKS

  • •

    Non-interest expenses increased by $1.7 million year-over-year for the full year 2025, primarily due to higher compensation and benefits, and occupancy costs.

    attention
  • •

    Income tax expense increased by $1.3 million for the full year 2025, resulting in a higher effective tax rate of 17.7% compared to 15.6% in 2024.

    attention
  • •

    Net charge-offs increased to $103,000 in Q4 2025 from $24,000 in Q4 2024.

    attention

FINANCIAL METRICS

Revenue
Quarterly
N/A
N/A
Net Income
Quarterly
$4.88M
+49.6%
Prior year: $3.26M
Annual (YTD)
$16.37M
N/A
Prior year: $11.94M
EPS (Diluted)
Quarterly
$1.46
+50.5%
Prior year: $0.97
Annual (YTD)
$4.89
N/A
Prior year: $3.57
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$1.46
+50.5%
Prior year: $0.97
Annual (YTD)
$4.89
N/A
Prior year: $3.57

MARGIN ANALYSIS

Margin metrics will be available once backend extracts data from insights_json

MANAGEMENT COMMENTARY

Net interest income after provision for credit losses increased $6.7 million for the year ended December 31, 2025 compared to the same period in 2024.

— FIRST CAPITAL INC, Q4 FY2025 2025 Earnings Call

The provision for credit losses decreased from $1.4 million for the year ended December 31, 2024 to $1.1 million for the year ended December 31, 2025.

— FIRST CAPITAL INC, Q4 FY2025 2025 Earnings Call

Noninterest income increased $809,000 for the year ended December 31, 2025 as compared to the year ended December 31, 2024 primarily due to the Company recognizing a $149,000 gain on equity securities for the year ended December 31, 2025 compared to a $374,000 loss on equity securities for the year ended December 31, 2024.

— FIRST CAPITAL INC, Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Allowance for credit losses as a percentage of gross loans
1.5
+4.8% YoY
Prior year: 1.4
%
Community Bank Leverage Ratio
11.0
+4.3% YoY
Prior year: 10.6
%

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.